Geneva CUSD 304 Board of Education Finance Committee Meeting - 08-24-2026

The Geneva CUSD 304 Board of Education Finance Committee met on August 24, 2026, to review and discuss the district's proposed final budget for the 2026-2027 fiscal year. The meeting focused on the budget summary, including estimated fund balances, revenue sources from local, state, and federal funds, and planned transfers between funds, particularly a $10.2 million total transfer involving the operations and maintenance and capital projects funds. Committee members discussed the district's cash reserves, compliance with the Miller ratio requirement, and ongoing efforts to tighten budget controls, including monitoring overtime and expense codes more closely. The committee unanimously approved a motion to recommend the final budget to the full board for approval. No legislative updates or additional agenda items were presented.